The only move worse than being in emerging markets right now would be pulling out of them
August 13, 2018 at 14:47 PM EDT
As the Turkish economy descends into crisis and the lira tanks, the markets fear a broader global contagion. But investors who are holding emerging markets stocks for the right reason, long-term diversification, should not panic. Trying to time the market in volatile EM stocks won't end well, and over longer holding periods EM stocks have generated positive returns for portfolios.